Educational Resources- Update:

Educational Resources- Update:

The best ways to maximize your credit score:

Get a Credit Card:

Did you know that a person who doesn’t use any credit at all

Although surprising at first glance, it makes senses if you think about it.

Part of your credit score is base on the types of credit accounts that you have. It is recommended that you try to get experience with different types of credit, and credit cards are one of the easiest forms of credit to obtain. And let’s face it, despite the bad rap that credit cards get, they ’re pretty harmless if all you get is a credit card with a zero monthly fee and pay it off in full each month.

Use your Credit card:

See, you can do one better than just having a credit card. If you don’t use your credit cards, they won’t necessarily help your credit score as much as they should. The ideal way to use your credit card is to charge a small amount to them each month and pay it off full when you receive your monthly statement. Use your credit cards for everyday purchases that you be spending any extra money bu using them. Lenders need to know that you are good at making payments on time and if you have no payments to make because you never actually use your credit card, then lenders won’t have a clue. So give them one, and reap the benefits of the good reputation you’re building (and a good rate on a mortgage or other loan.

Ask your credit card company to Raise your Credit Limit:

I know that asking your credit card company to raise your credit limit flies in the face of what many self-respecting credit users would do right?

Maybe you worry that if you ask for this, they'll think you’re about to go on a massively irresponsible shopping spree and max out your card, right?

But the thing is, raising your credit limit while keeping your spending levels the same can raise your credit score. This is because part of your credit score is base on the percentage of available credit that you use.